Moscow, 12 February 2018. Technodinamika Holding Company (part of Rostec State Corporation) and the Chinese company AVIC Shaanxi Aero Electric Co., Ltd. have signed a cooperation protocol on the design and manufacturing of ignition systems and their components.

The agreement envisages a role for Technodinamika (JSC “Molniya” Ufa Research and Development Enterprise) as a partner in engineering the ignition system for engines that are to be installed in Chinese narrow-body short- and medium-haul civil aircrafts. In addition, there are plans to evaluate a potential contract for the supply of special mica-paper capacitors manufactured by Technodinamikafor use in ignition aggregates designed and produced by SAEC.

“Such keen interest from our Chinese partners to Technodinamika products evidences the quality and competitiveness of our items,”Igor Nasenkov, CEO of Technodinamika, commented on the signing of the protocol. “We expect our cooperation to develop in the future, with a growing number of joint projects.”

At this stage, it is planned to supply no less than 200 ignition systems for civil aircrafts engines, and at least 1000 capacitors.

A meeting between representatives of AVIC SAEC and Rostec State Corporation, and the management of JSC Technodinamika and JSC “Molniya” Ufa Research and Development Enterprise was held in July 2017 at MAKS 2017 International Aviation & Space Salon. The outcome of the meeting was a decision to develop cooperation in the field of civil aircraft systems and aggregates engineering.

State Corporation Rostec is aRussian corporation established in 2007 with the purpose of facilitating the design, manufacture and export of high-tech industrial products for both civil and military purposes. It incorporates over 700 entities, that at present form 11 holdings operating in the military and defense complex and 3 holdings active in the civil industries, as well as over 80 directly supervised organizations. Rostech’s portfolio includes such well-known brands as AVTOVAZ, KAMAZ, Kalashnikov Concern, Russian Helicopters,

VSMPO-AVISMA, Uralvagonzavod, and others. Rostech companies are located in 60 regions of the Russian Federation and supply products to the markets of over 70 countries. In 2016, Rostech’s consolidated revenue reached RUR 1.27 trillion, its consolidated net profit was RUR 88 billion, with EBITDA of RUR 268 billion. According to Rostech strategy, the mission of the Corporation is to ensure Russia’s technological advantage on highly competitive international markets. One of Rostech’s key goals is to implement new technological way of living and to promote the digitalization of Russian economy.

Technodinamika Holding specializes in the development, manufacturing and after-sales service of aircraft systems and aggregates. In addition, the holding produces spare parts and machinery for such industries as oil and gas, automobile production, transportation and power supply. Technodinamika incorporates 35 entities located throughout the country, in Moscow, Moscow Region, Ufa, Samara, Ekaterinburg, Arkhangelsk Region, and other regions of Russia. The holding forms part of Rostech State Corporation.